Controller

Intro description:

Legalist is a tech-enabled alternative asset manager that uses proprietary data-driven origination to invest in uncorrelated legal and government-payment assets. Founded out of Y Combinator in 2016, Legalist manages over $1.7 billion for endowments, foundations, and family offices.

Key Responsibilities

Fund Accounting & Operations

• Prepare and review quarterly NAV packages, including income statement and balance sheet reconciliations.
• Coordinate with fund administrators and custodians to investigate and resolve accounting discrepancies and month-end exceptions.
• Prepare and review shadow allocations to independently verify P&L allocations, management fees, performance allocations, net returns and internal rates of return across all investors.
• Oversee monthly and quarterly expense accruals, cash disbursements, budgeting, and variance analyses.
• Review investment agreements, amendments, and related documentation to calculate and validate interest income, PIK income, fees, and other investment-related earnings.
• Monitor and maintain key investment terms, including maturity dates, coupon rates, principal balances, fee structures, and other contractual provisions.
• Prepare and review investment payoff statements and related portfolio reporting.

Financial Reporting & Investor Relations

• Oversee investor capital activity, including subscriptions, capital calls, distributions, transfers, and redemptions.
• Review and approve investor statements, capital account reporting, and monthly/quarterly performance reporting.
• Serve as a key point of contact for investor inquiries related to fund performance, capital activity, account confirmations, and ad hoc reporting requests.
• Assist with investor onboarding, subscription processing, and coordination with custodians and fund administrators.
• Coordinate and review all investor transfers and ownership changes with limited partners and service providers.
• Assist with annual audited financial statements and investor tax reporting and coordinate with external auditors throughout the audit process.

Compliance & Tax

• Assist with regulatory filings, including Form ADV and Form PF.
• Prepare quarterly UK VAT filings and annual tax-related reporting.
• Complete and review investor due diligence questionnaires (DDQs), consultant databases, and other recurring reporting requests.
• Support compliance, operational due diligence, and regulatory examinations as needed.

Required Qualifications

• 5–10 years of progressive experience in accounting, auditing, fund accounting, or financial reporting.
• Strong understanding of financial statements, investment accounting, and performance reporting.
• Demonstrated experience preparing, reviewing, or validating complex performance calculations and investor reporting.
• Exceptional analytical, organizational, and problem-solving skills with a high degree of accuracy.